Coffee fell 3.30 Cents per pound or 2.57% to 125.05 yesterday from 128.45 on Friday. Coffee’s all-time high of 339.86 was reached in April of 1977 and its all-time low of 42.50 was seen in October of 2001. According to the composite forecast produced by Tradingeconomics.com (an excellent source of data and information we should consult regularly) Coffee is expected to trade at 121.00 Cents per pound by the end of this quarter, according to their global macro models and analysts’ expectations. Looking forward, they estimate Coffee will trade at 96.90 by the end of 2018. Coffee down.
Weak Coffee and Franc, Two Strong German Equities
Daily Analysis - 09/01/2018